Away from their exceptional on-court play, it is a day when Boston Celtics have made headlines due to a different development. The update of the franchise being sold for $6.1 billion came out of nowhere, and it has taken the NBA world by storm. Celtics are reportedly bought by private equity executive Bill Chisholm.
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Boston Celtics Sold to Bill Chisholm
The Celtics are currently owned by the Wyc Grousbeck-led Boston Basketball Group. They have owned the franchise since 2002, and during their tenure, the Celtics have won the NBA title twice and reached the finals two other times. Steve Pagliuca, the team's minority owner, made a strong bid to buy, but Chisholm and his group won out in the end.
The fans were left bemused when Grousbeck made the intentions of selling the franchise clear last year, and a year later he has found the ideal taker in the form of Bill Chisholm. So, as the Celtics are set to be taken over by a new pair of hands, let's get to know the new owner more.
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Who is Bill Chisholm?
Bill a.k.a William Chisholm grew up in Georgetown, Massachusetts, which is approximately 40 minutes from Boston. He grew up a Celtics fan and went on to earn an MBA with Distinction from Dartmouth and Wharton. He co-founded The Valent Group, a venture capital and risk consulting organization, and Symphony Technology Group, a private equity firm specializing in software, data, and analytics.
Meet the Celtics new owner, Bill Chisholm. $7.5B net worth. His company, STG, has reported assets of over $10B. He's a lifelong Celtics fan who grew up in Georgetown, MA. He will make sure we continue winning championships 🏆 pic.twitter.com/A3i37nmY8g
— CelticsForum (@CelticsForum0) March 20, 2025
The Celtics' sale price of $6.1 billion has surpassed the $6.05 billion paid by Washington Commanders owner Josh Harris and his group in 2023. Grousbeck and his colleagues, who purchased the team for $360 million in 2002, will also earn handsomely from the transaction.
Grousbeck will remain the team's governor through the 2027-28 season, which should help ease the transition and prevent Chisholm from experiencing the difficulties that may emerge during the initial phase.